All Forum Posts by: James Olympia

Thank you all for the comments and advice. 

Hello everyone. I'm an out of state investor from California and I'm ready to buy in Columbus, OH.  My financials are set, I have a Property Manager and Realtor. My only concern is how to verify if the property for sale is indeed in a good or bad neighborhood since I cannot visit the area in person. Does anyone have a secret website or trick they use to verify if the location or property is what the realtor claims it to be. I trust my realtor but my logical brain wants to verify. Buying out of state adds another layer of risk, but I cannot afford the California duplexes and 4plexes. Any advice or idea are highly appreciated. Thank you all in advance. 

Hello everyone. I hope all are doing well in this cold cold weather. I'm from California and I have spent the last 6 months researching Columbus Ohio to buy multi-family units, 4 plex to be exact. I did connect with a few property managers and realtors. I am financially stable and pre-approved to buy. My only hold up choosing either in Class B or Class C neighborhoods. My conservative side tells me to choose B, while my financial brain says choose C. Hilltop, Linden, Franklinton have alot of MLS postings, probably for a reason. Is it still possible to get 8-10% CoCR and/or $200-$300 per door after all expenses (mortgage, insurance, tax, capex, vacancy, maintenance, property manager) on B neighborhoods? Do you guys/gals think my expectations are too high? Lastly, how do I verify if the property is indeed in a class c or b? I use areavibes.com to check the neighborhoods and also google map to look at the areas. I know its a lot of questions. Any advice or comments are highly appreciated. For a new investor, its kinda overwhelming. But I am ready to put in the work and effort. Thanks in advance for your comments.